WGL have a working product in a sector that is increasingly seeing demand that will only keep increasing due to the nature of technology.
Cyber bullying, harassment, youth suicide/mental health etc aren’t going anywhere and Wangle are technically in the right area at the right time.
The only question is if they can stay afloat long enough to start turning a profit. There is undoubtably millions to be made across the globe from parents and even more from the education sector.
Going from their old figure of 35,000 subscriptions for their VPN, a conservative guess of 50,000 paying users for WFI should have them above breaking even. More than achievable from a release to international markets, particularly in Asia considering how parents over there maintain a vigilant overview of their children to ensure success.
Part of their hope may ride on another 1m + R&D refund later this year. Cutting unnecessary costs now to make their pennies count is key.
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